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The company markets its products under brands such as Shark Bite, RMC Water Valves, Cash Acme, Reliance Water Controls, Stream Labs, Holdrite, JG Speedfit, and others.Historically, Reliance Worldwide has achieved sales growth on top of broader market growth.Bingo also worked on the network reconfiguration plan during the period and expects a return of $ 80 million following the sale of non-core assets and Banksmeadow next year.The rise in the New South Wales price came into effect from 1 July 2019 onward.On 29 August 2019, the BIN stock closed the market trading session at $ 2.250, trading flat with around 1.47 million shares traded through the day.In addition, the BIN stock has delivered positive returns of 23.29% YTD and 34.73% in the last six months.The business currently employs a staff of 800 who manage and operate a fleet of ~250 vehicles servicing more than 18,000 customers every year.Bingo Industries also has the most expansive network of resource recovery and recycling centres across New South Wales and Victoria.
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RWC’s core net sales (excluding John Guest) generated $ 782.9 million, 5.1% higher than FY18, and the net sales of John Guest products were at $ 321.1 million, up 8.2% on the prior year.
The EBITDA for the year was $ 242.5 million, reflecting a 79.1% increase on the prior year’s figure mainly due to the first full year contribution from John Guest.
Let’s look in detail at the two industrials sector players in Australia.– Bingo Industries Limited (ASX: BIN), incorporated in 2017 and headquartered in Auburn, Australia, together with its subsidiaries, offers waste management solutions for domestic and commercial businesses across the country.
From its humble beginnings as a small family-owned skip bin business in Western Sydney, Bingo has a come a long way in establishing itself as a fully-integrated recycling and waste management company, providing solutions across the entire waste management supply chain from collection, processing, separation, recycling to disposal.
On 29 August 2019, the RWC stock price settled the market trading at $ 3.720, down 0.268% by $ 0.010 with ~ 3.65 million shares traded. We are neither licensed nor qualified to provide investment advice. Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics.